The land will add about 30 million tonnes of proven reserves of high-quality Ottawa White sand that will produce coarse and medium-to-fine grades for use in oil and gas proppants and in other industries.
The transaction is expected to deliver annual pretax savings of at least $400 million as of 2019 and boost earnings per share significantly, the companies said in a statement on May 19.
Reliance Oilfield Services has executed a definitive acquisition agreement in which Reliance will acquire assets within FMC Technologies Inc.’s wireline services business in Canada and the United States. Specific financial terms of the transaction were not disclosed.
The world's largest industrial equipment auctioneer said on May 2 it set new company records for the number of sellers and registered bidders at its five-day Edmonton, Alberta, auction.
Baker Hughes will get $3.5 billion as part of the merger agreement, which the companies terminated on May 1 after opposition from U.S. and European antitrust regulators.
The tie up would have brought together the world’s No. 2 and No. 3 oil services companies, raising concerns it would result in higher prices in the sector.
The acquisition will transform San Francisco-based Neos into a "world leader" in the detection of natural resources, the release said.
Xtreme currently owns a fleet of 11 coiled tubing units in Saudi Arabia and the United States. The transaction is subject to customary closing conditions and is expected to close in the third quarter, Schlumberger said in the release.
Wilks Brothers, a private Cisco, Texas-based company, bought about 3.1 million additional common shares in Trican on the Toronto Stock Exchange.
The European Commission, which halted its investigation into the $35 billion deal last month while waiting for more details from the companies, will now decide by Aug. 11 whether to clear or veto the takeover.
The acquisition provides a strong manufacturing operations management (MOM) systems capability that builds upon and diversifies the capabilities of Wood Group, the release said.
The deal expands the Houston-based oilfield services giant into new territory in subsea and equipment manufacturing. The merger will result in the industry’s first complete drilling and production systems
|E&P||USD 4400||Members only||Memorial Resource Development Corp.|
|E&P||CAD 595||Members only||Husky Energy Inc.|
|E&P||CAD 475||Members only||Athabasca Oil Corp.|
|E&P||USD 0||Members only||JX Nippon Oil & Gas Exploration Corp.|